tag: EMV

Payment card usage is on the rise globally and with it the adoption of smart card technology. Globally, cards remain the preferred non-cash payment instrument with a market share of more than 55%. Consider that even during the height of the financial crisis from 2008 to 2009 transaction volumes on debit and credit cards were still increasing by nearly +10% (compared to +15% from 2007 to 2008).
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I recently had a conversation with Ramesh Karri, professor of electrical engineering and the chair of this year’s security track at DAC. I was discussing, with him, the current state of chip compromise techniques and how this segment is growing by leaps and bounds. Every day it seems there are more and more malcontents bent on finding ways to compromise every type of smart card out there. And... » read more

Chip and PIN (or EMV) technology is on its way to a checkout near you whether your retailer likes it or not. With credit card fraud a growing problem for consumers, the USA is about to take the same major step up towards reducing it that was taken by most European countries over a decade ago. Seems logical, so why all the furore around implementing it?
At the moment almost all American o... » read more